Rescuers pulled 167 survivors from the sea and brought them to safety after the Aung Tagun 3 went down near Myebon in Rakhine state late Friday, said Myanmar Red Cross Disaster Management chief Maung Maung Khin.
He said many of the survivors were sent back to their homes.
The ferry was carrying 216 passengers, and 34 people were confirmed dead, state television reported. Search and rescue teams were looking for those still missing.
Boat accidents due to overcrowding and bad weather are common in Myanmar river deltas and coastal regions. People rely on boat transport because of the lower cost and the inaccessibility of many areas by road.
